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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

What is the primary motive of establishment of WTO? - Commerce

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Question

What is the primary motive of establishment of WTO?

Short Note

Solution

GATT achieved many success but various countries felt the need to create a new international body to replace the GATT. The GATT which remained in force from 1948 to 1994 thus came to an end with the establishment of World Trade Organisation (WTO) on 1st January 1995.

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World Trade Organisation (WTO)
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Chapter 27: Facilitators of International Business - Exercises [Page 291]

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Samacheer Kalvi Commerce [English] Class 11 TN Board
Chapter 27 Facilitators of International Business
Exercises | Q III. 1. | Page 291
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